SCS Capital Management LLC Has $3.36 Million Holdings in Invesco NASDAQ 100 ETF $QQQM

SCS Capital Management LLC lessened its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 14.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,271 shares of the company’s stock after selling 2,184 shares during the quarter. SCS Capital Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $3,356,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Bright Futures Wealth Management LLC. acquired a new stake in Invesco NASDAQ 100 ETF in the 3rd quarter valued at $617,000. Atria Investments Inc boosted its stake in Invesco NASDAQ 100 ETF by 6.1% in the 3rd quarter. Atria Investments Inc now owns 57,028 shares of the company’s stock valued at $14,093,000 after buying an additional 3,275 shares in the last quarter. Blue Edge Capital LLC boosted its stake in Invesco NASDAQ 100 ETF by 29.9% in the 3rd quarter. Blue Edge Capital LLC now owns 23,072 shares of the company’s stock valued at $5,702,000 after buying an additional 5,309 shares in the last quarter. Drake & Associates LLC boosted its stake in Invesco NASDAQ 100 ETF by 4.7% in the 3rd quarter. Drake & Associates LLC now owns 50,061 shares of the company’s stock valued at $12,845,000 after buying an additional 2,268 shares in the last quarter. Finally, EdgeRock Capital LLC boosted its stake in Invesco NASDAQ 100 ETF by 2.5% in the 4th quarter. EdgeRock Capital LLC now owns 154,578 shares of the company’s stock valued at $39,104,000 after buying an additional 3,809 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM stock opened at $305.82 on Tuesday. The stock’s fifty day simple moving average is $269.69 and its 200 day simple moving average is $258.49. The firm has a market cap of $91.80 billion, a price-to-earnings ratio of 31.95 and a beta of 1.21. Invesco NASDAQ 100 ETF has a one year low of $212.46 and a one year high of $306.98.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.3277 dividend. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. This represents a $1.31 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, March 23rd.

Invesco NASDAQ 100 ETF Profile

The Invesco NASDAQ 100 ETF (QQQM) is an exchange-traded fund that is based on the NASDAQ-100 index. The fund is passively managed to track a modified-market-cap weighted narrow index of 100 NASDAQ-listed stocks, excluding financials. QQQM was launched on Oct 13, 2020 and is managed by Invesco.